Commercial. LONDON WOOL MARKET.

Hawke's Bay Herald, Volume 13, Issue 1095, 26 October 1869, Page 2

Commercial. LONDON WOOL MARKET.

Thb New Zealand Loan and Mercantile Agenoy Company thus report under date August 13 :— We are able to report by this opportunity the result of the lirst sale of the August-September series of wool sales, which opened yesterday with a catalogue comprising— 2,6oo bales Australian, 2,209 bales New Zealand, 596 bales Victoria, 737 bales Capo, 24 bales Tasmanian ; total, 6,166 bales. There waa a good attendance of buyers, both English and foreign, and moderate competition, prices ruling on the average about equal to tho closing rates of the previous series, in the caso of a few first-class combing wools commanding a slight advance. Though we are only in a position to record the issue of a single sale, it may be taken as a very fair test of the value of New Zealand wool, all descriptions of which wero well represented, The condition of the home manufacturing districts is healthy, and as regards the continental seotion of the trade, though consumption is by no means brisk in France, the more recent reports from Germany indicate a favorable tendency. Having regard to the excessively moderate quotations now current, and to the faot that the supplies of wool for some time to come will show at all events a very moderate rate of inorease as compared with those of previous seasons, we are perhaps justitled in considering the aotual position of the articlo aa strong— though the process of any improvement must certainly be very gradual, and to any material extent in all probability remote. The New Zealand arrivals since our last issue are as under :— Wild Duck ...from Wellington ... 3,054 bales Lady Egidia ... Otago ... 4,109 „ Malay ... Port Underwood 1,460 „ Celaeno ... Lyttelton 8,195 „ Warrior Queen Otago 3,685 „ ■William Cargill Napier 1,6-4 „ Quotations of Now Zealand Wool :— •„s d b d Very superior fleece ... 19 to 2 3 I^irst fleeoe , ,„ 16 18 Medium fleece l i 14 Inferior fleece 0 10 10 Super Lambs — — Medium Lambs 12 14 Inferior Lambs 0 11 11 Broken and pieces ... 0 10 11 Inferior pieces aud looks 0 7 0 10 Superior scoured 18 2 1 Medium scoured 13 17 Inferior scoured 0 11 12 Skin 0 10 12 In grease, good 0 8 0 10 In grease, medium & inferior 0 6 0 7J In greaso, pieces and looks 0 4 0 6